Banks are moving both residential and commercial loans off their balance sheets at a faster pace and at higher prices than at any time since the beginning of the financial crisis.

Several major banks including Bank of America (BAC), Citigroup (NYSE:C), HSBC and Wells Fargo (WFC) have sold large blocks of nonperforming residential loans since the fourth quarter, according to companies that facilitate loan sales. SunTrust Banks (STI), Synovus Financial (SNV), and Wells are among the sellers of nonperforming commercial loans.

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